Easton, Washington Property Taxes
The median property tax rate in Easton, WA is 0.60%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Easton at $436,660, the typical annual property tax bill is $2,657, just below the national median of $2,690. Property taxes in Easton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Easton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Easton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Easton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,620
$2,431
Ownwell's Easton Property Tax Bill Calculator allows homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Easton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Easton to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Easton, Washington
Property taxes in Easton, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Easton is 0.60%, lower than the U.S. national median of 0.99%. Local government entities within Easton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Easton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Easton's effective property tax rate to other counties in Washington and the national median. For comparison, the 98925 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Easton provides valuable insights into the varying tax landscape across Kittitas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Easton Tax Rate
0.60%
Average Kittitas County Tax Rate
0.67%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Easton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98925 | 0.55% | 0.59% | 0.60% | 0.64% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Easton, Washington
In Easton, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kittitas County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Easton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Easton is $436,660, with tax bills ranging from $1,614 at the 25th percentile to $5,566 at the 90th percentile. The highest and lowest median tax bills are both $2,657 in the 98925 zip code. Being aware of these valuation processes in Easton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Easton Assessed Value
$436,660
Average Kittitas County Assessed Value
$385,890
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Easton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98925 | $125,836 | $272,790 | $436,660 | $645,460 | $921,146 |
Source: Ownwell
Property Tax Bills Across Easton, Washington
In Easton, located in Kittitas County, WA, property tax bills are calculated based on the assessed value of a home rather than its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Easton experience a range of property tax bills, with the 25th percentile paying around $1,614 and the 75th percentile facing bills of about $3,949. At the higher end, the 90th percentile sees tax bills reaching up to $5,566. The median home price in Easton is $436,660, and the property tax rate is compared to the national median of 0.99%. This method of calculation means that factors such as property size, location, and improvements can significantly affect the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual expenses and the overall cost of homeownership in Easton.
Average Easton Tax Bill
$2,657
Average Kittitas County Tax Bill
$3,249
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Easton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98925 | $646 | $1,614 | $2,657 | $3,949 | $5,566 |
Source: Ownwell